VASCO Data Security International (NASDAQ:VDSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The brokerage presently has a $14.00 price target on the technology company’s stock. Zacks Investment Research‘s price target points to a potential upside of 9.37% from the company’s current price.
According to Zacks, “VASCO Data Security International, Inc. is a global leader in trusted security with two-factor authentication, transaction data signing, document e-signature and identity management solutions designed for all businesses and government agencies. VASCO also secures access to data and applications in the cloud and provides a robust toolset for application developers to easily integrate security functions into their web-based and mobile applications. “
VDSI has been the subject of several other research reports. TheStreet cut shares of VASCO Data Security International from a “c” rating to a “d+” rating in a research report on Thursday, February 22nd. ValuEngine cut shares of VASCO Data Security International from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. VASCO Data Security International currently has a consensus rating of “Hold” and an average target price of $16.00.
VASCO Data Security International (NASDAQ:VDSI) last issued its earnings results on Wednesday, February 21st. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $54.51 million during the quarter, compared to analysts’ expectations of $50.27 million. VASCO Data Security International had a negative net margin of 11.59% and a positive return on equity of 6.12%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS. equities research analysts forecast that VASCO Data Security International will post 0.45 earnings per share for the current fiscal year.
In related news, Director T Kendall Hunt sold 16,783 shares of the company’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $14.23, for a total value of $238,822.09. Following the completion of the sale, the director now owns 7,035,320 shares in the company, valued at approximately $100,112,603.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 205,765 shares of company stock valued at $2,858,186 in the last quarter. Corporate insiders own 25.44% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VDSI. Municipal Employees Retirement System of Michigan increased its position in shares of VASCO Data Security International by 59.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,310 shares of the technology company’s stock valued at $136,000 after buying an additional 4,200 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of VASCO Data Security International in the 3rd quarter valued at $144,000. Teacher Retirement System of Texas bought a new stake in shares of VASCO Data Security International in the 4th quarter valued at $145,000. BNP Paribas Arbitrage SA increased its position in shares of VASCO Data Security International by 69.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,440 shares of the technology company’s stock valued at $186,000 after buying an additional 6,313 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of VASCO Data Security International in the 4th quarter valued at $196,000. Institutional investors and hedge funds own 53.43% of the company’s stock.
VASCO Data Security International Company Profile
VASCO Data Security International, Inc designs, develops and markets digital solutions for identity, security and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. The Company provides anti-fraud and digital transaction management solutions to financial institutions and other businesses.
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